We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

Rumour of iPhone 5 will mean poor Q3 for Apple

It is expected that iPhone sales will decline in the run up to the anticipated iPhone 5 launch in October.

Analysts are starting to get nervous about Apple's third quarter results, due to be revealed on 24 July. It is expected that iPhone sales will decline in the run up to the anticipated iPhone 5 launch in October.

Credit Suisse has lowered expectations and Morgan Stanley has issued a note to investors, notes Business Insider.

The negative outlook is based on Apple's own guidance for the quarter, which was even lower than expected.

Morgan Stanley analyst Katy Huberty noted that Apple has only guided this far below expectations once since June 2009, and that was the September quarter of last year when it correctly predicted consumers would buy fewer iPhones as they waited for the next release.

That quarter, back in October 2011, missed analysts estimates. In that quarter Apple sold 14.1 million iPhones. Deutsche Bank's Chris Whitmore and Needham's Charlie Wolf, had expected sales of 17 million iPhones. Asymco's Horace Dediu predicted iPhone unit sales of 26.8 million. Following the results Dediu explained that he had gone wrong because: "Each new iPhone launch was preceded by a quarter where units went down sequentially. The same has happened with the iPad for the one tradition we've had so far."

Following that results announcement Apple's share price went down to $300.15 from $318.00 in after hours trading.


IDG UK Sites

Windows 10 for phones UK release date, price and new features: When will my phone get Windows 10?

IDG UK Sites

Three of the most expensive Limited Edition games ever made: Who's buying a $1,000,000 game?

IDG UK Sites

The future of Microsoft Surface: What to expect from the Surface Pro 4

IDG UK Sites

Best Mac: Apple Mac buyers guide for 2015: iMac, MacBook, MacBook Air, MacBook Pro, Mac mini and...